12 Spring 2016 Bermuda:Re/insurance+ILS Solvency II equivalence: why it matters Solvency II Bermuda’s regulators and re/insurers were probably relieved and elated when the country secured Solvency II equivalence from the European Commission in November last year. Bermuda:Re+ILS explores its importance to the Island as a risk transfer hub. Bermuda became one of the first jurisdictions to receive full Solvency II equivalence from the European Commission in November 2015. Only Switzerland has been awarded similar status so far. The decision was received positively on both sides of the Atlantic. The Association of Bermuda Insurers and Reinsurers and the Bermuda Insurance Management Association both welcomed the move, as did the Association of British Insurers, the Federation of European Risk Management Associations and London’s International Underwriting Association. Why was the move so important to companies on both sides of the pond?
Bermuda:Re+ILS Spring 2016
To see the actual publication please follow the link above